Page 23 - Bullion World Issue 10 Volume 05 October 2025

Bullion World | Volume 5 | Issue 10 | October 2025
Bullion World | Volume 5 | Issue 10 | October 2025 IGC 2025: Where The World Meets India, Day 2 Highlights

Smt. Nidhi Khare (Online),
IAS, Secretary - Consumer Affairs, Ministry of Consumer Affairs, Food & Public Distribution, GOI,

Smt. Nidhi Khare, IAS, Secretary of Consumer Affairs, brought attention to the government’s determination
to uphold trust and transparency in the gold sector through sweeping reforms She traced the evolution from
voluntary to mandatory hallmarking and outlined how the introduction of the Hallmark Unique Identification
(HUID) for both gold and silver artifacts has transformed consumer confidence in jewellery purchases. Smt.
Khare spotlighted India’s diversity in gold craftsmanship, the expansion of hallmarking to various regions and
purity levels, and impressive milestones including over 5.48 crore hallmarked articles and more than two lakh
registered jewellers. She issued a call for ongoing innovation in scientific purity assessment methods, minimizing
consumer hassle and forging an end-to-end, tamper-proof hallmarking system. She emphasized that new
technology and regional adaptability will be central to positioning India as a global leader in trustworthy gold
jewellery trade.

Mr Jignesh Shah, Mentor & Coach, IGM (India Gold
Metaverse) Founder: MCX, DGCX, IEX, SMX, MSE, ODIN
Mr Jignesh Shah, mentor for the India Gold Metaverse
and founder of numerous leading exchanges, delivered
a stirring call for paradigm change in the gold industry.
He insisted the sector must learn from the stock market
revolution and actively embrace digitization, financialization,
and transparency—especially leveraging India’s uniquely
widespread tradition of gold ownership. Mr Shah observed
that while India’s “100 crore accounts” symbolize unmatched
latent strength, this potential is limited unless kinetic financial
energy—in the form of liquid secondary market activity—is
realized. He invoked transformative quotes on change,
advocating industry unity to set five actionable priorities,
track progress year-on-year, and create a living, innovative
ecosystem. Mr Shah urged next-generation leadership to
drive adoption of technology and trust-based systems so
India can not only sustain but expand its global influence in
bullion and jewellery.

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